Diamondrock Hospitality Company (NYSE:DRH) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.58 by 12 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 8 Brokerage Firms have advised hold. A sell rating was given by 1 analyst.
Other Equity analysts have also commented on the company shares. Stifel Nicolaus assumes their rating on the shares of Diamondrock Hospitality Company (NYSE:DRH). The current rating of the shares is Hold. The rating by the firm was issued on March 29, 2016.
Diamondrock Hospitality Company (NYSE:DRH): 7 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $9.86 in Diamondrock Hospitality Company (NYSE:DRH). However, the stock price could fluctuate by $ 1.18 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $11 price target with the lower price estimate is calculated at $8
Diamondrock Hospitality Company (NYSE:DRH) rose 1.04% or 0.1 points on Tuesday and made its way into the gainers of the day. After trading began at $9.66 the stock was seen hitting $9.77 as a peak level and $9.56 as the lowest level. The stock ended up at $9.74. The daily volume was measured at 1,581,025 shares. The 52-week high of the share price is $13.86 and the 52-week low is $7.28. The company has a market cap of $1,956 million.
Shares of Diamondrock Hospitality Co. rose by 7.98% in the last five trading days and 15.13% for the last 4 weeks. Diamondrock Hospitality Co. has dropped 0.03% during the last 3-month period . Year-to-Date the stock performance stands at 2.24%.
DiamondRock Hospitality Company is a lodging focused Maryland corporation operating as a real estate investment trust (REIT). As of December 31, 2014, the Company owned a portfolio of 27 hotels and resorts throughout North America and the United States Virgin Islands that consists of 10,552 guest rooms. The Company conducts its business through a traditional umbrella partnership REIT, or umbrella partnership real estate investment trust (UPREIT) in , which the Companys hotels are owned by subsidiaries of its operating partnership, DiamondRock Hospitality Limited Partnership. The Company is the sole general partner of its operating partnership and owns either directly or indirectly, all of the limited partnership units of its operating partnership. The Company leases all of its domestic hotels to REIT subsidiary or TRS lessees. In turn, the Companys TRS lessees must engage a third-party management company to manage the hotels.